​The G20's Leaders' Communique Hangzhou Summit, published on Tuesday, made the uncommon decision of including a proposal from the private sector, namely establishing an Electronic World Trade Platform (eWTP).

​Tech tycoons at the business forum on Saturday that preceded the G20 Leaders Summit in Hangzhou, Zhejiang province, hailed the keynote speech by President Xi Jinping, which emphasized innovation, saying the direction, combined with current practices in China, could solve the global challenge of growth.

The Business 20 (B20) Summit, which was attended by business leaders and officials including those from the Group of 20 (G20) economies, came to an end Sunday with many consensuses and results, especially a policy recommendation report.

China's opening drive is "not a pursuit to establish its own sphere of influence", but to support the common development of all countries, President Xi Jinping told global business leaders on Saturday.

Jack Ma, founder and chairman of e-commerce giant Alibaba Group Holding Ltd, on Thursday proposed the establishment of digital free trade zones for small businesses and called for Russia to become an e-hub intersection connecting Asia and Europe.

Representatives preparing for this year's Business 20, or B20 Summit, have completed a policy recommendation report to be shown to leaders at next month's G20 Summit. The report offers 20 suggestions covering topics such as finance, trade and investment, and infrastructure.